Savannah morning news. [volume] (Savannah) 1868-1887, 1887-01-25
MARKETS BY rELEGRAPH,
FINANCIAL,

LONDON, Jan, a, nOon.--Consols, LOG g-16
for money, l00}a for account.
400 p. nj There has been a semi panic in
the stock market this afternoon, in cOnse-
quonce Of the unfavorable aspect of the DO
litcal situation. COnsos closed at 100 7-l6
for money, a decline OF "a from the closing
quotation of saturday. The quotation at to-
days close for account was LOG 9-l6, a fall OF
5-l6 FROM Saturday.
NEW IOR6. Jan, u, nosn.-StO3ks dull bat
steady. Money easy st 3(0i per cent. EX-
chanGe--ionS, 81 S59i S31s; shorts S7,9i S7ls.
state bonds dun but steady. Government
bonds dull but irm.
$500 =. m.--EXcnange active and strong r I
81 S3140I4 81. Money easy at .sd5 per cent .
closing at per cent. offered. Sub-Trea,ury
balanGes-Gold, Sl30.936.O 600: currency. SIS.
574,0C0. Government DOnds duh but firm; four
per cents. l2s3s; three per cents. 100. State
bonds duh but steady.
There was more decided weakness shown
in The stock market to-day than at any time
since the break Of Dec. 10 The market in
London was depressel by the unfavorabe
aspect of the political situation in Europe,
and the result was semi panic IN the AR
ket for securities there. This induced heavy
selling by foreign houses mere, and very lew
81 the prominent stocks escaped the pressure.
although st. Paul is beloved to have been the
heaviest sufferer. Shorts covered To a greiL
extent in the forenoon, but later, when the
extent OF the scare was better understood
fresh lines were pat out, and in consequence
of hammerlng by bears the most important
declines Of the dav were made In the alter
noon, aiteT the Ose OF the London mdrkot.
In the forenoon Jersey Central displayed con-
siderable strength by reason OF the supp lrt
given the stock by the pool. and Hook Va
leg made material advance upon the discov-
cry OF securities supposed 10 have been 10 {.
The demand for exchange against the sale OF
securities here caused u further advance Of lc.
Reports OF further trouble among the coal
handlers along the jersey shore, the advance
In sterling exchange. aHd threatened Eu-
rOpean troubles were eli used by the bears to
Ccp=ess values late in the day. Trading was
accompanied W considerable excite neut, and
the market was TO large degree feverish
aud irregular. The opening was decidedly
weak. the general range Of prices being from
- TO 4 per cent. below Saturdays final fig
nres, while Louisville and Nashville was off
-. HocSing Valley, however, was upllt per
cent. There was an active and well die
trtbuieo business throughout the,itsi. Prices
made frrther slight declines in the early deal
inRs. butthe market rallied in the FIRST hour,
ana IN son1e'cSses the opening prices were eN-
cceded. The decline, however, was resumed.
and b. noon prices we're materially below
those of saturday evening. Another drive
was made at fvglucs early in the afternoon
and sligit fails followed, but toward Up.
M. the decline gathered force, and WAS not
checked uRtil the CiOsc, which wac active and
WEAK. The highest prices we're generally re-
corded at the opening and the lowest at the
close. Hooking Valley stands alone among
the active stocks this evening IN showing the
advance, It's ga'n being y per cent On the
other hand Richmond Terminal is down 81
per cent Louisville and Nashvilie ~, Lake
Shore and Norfolk preferred "a. Western
Union, Reading and Lackawenua pa Erie
RADIO coal nd Pacific Mnil24, Cameron coal
70, and others smaller amounts. Total salcs
$500 shares, the following being the closing
quotations: